Is this unreasanable

Date: Wed, 01/23/2008 - 17:16

Submitted by anonymous
on Wed, 01/23/2008 - 17:16

Posts: 202330 Credits: [Donate]

Total Replies: 3

I have a debt to a department store of $366 which includes over $250 in fees. Do you all find it unreasonable to request a settlement of 166 (basically the entire principal and interest with out the fees?)

The problem with a settlement is that it will show on your repor

The problem with a settlement is that it will show on your reports as "settled for less than the full amount" if it's already reported. I'm a big fan of "pay for deletes" , you will usually have to settle for a little more money to get the PFD. I'd probably start offering $200 in a PFD letter if it were me.

lrhall41

Submitted by LoneGunman on Wed, 01/23/2008 - 17:21

( Posts: 223 | Credits: )

I agree with longunman...I did that with a credit card and it is

I agree with longunman...I did that with a credit card and it is noted on my credit report as "settled for less than full amount"...I think I sc$$wed myself by doing that. Follow their advice and don't settle for anything else than a PIF notation.

ladybug

lrhall41

Submitted by ladybug on Wed, 01/23/2008 - 19:16

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Sounds like the debt is old to have this much fees. Settle if th

Sounds like the debt is old to have this much fees. Settle if they will. Putting dents in your credit over 166 is careless.

lrhall41

Submitted by on Wed, 01/23/2008 - 20:22

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